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    Logan Whalley (for John Blackledge) • TD Cowen

    Logan Whalley (for John Blackledge)'s questions to Grindr Inc (GRND) leadership

    Logan Whalley (for John Blackledge)'s questions to Grindr Inc (GRND) leadership • Q2 2025

    Question

    Logan Whalley of TD Cowen inquired about the primary drivers of the Q2 increase in Monthly Active Users (MAUs), Grindr's current market penetration (TAM), and the future potential of the newly announced mapping features.

    Answer

    CEO George Arison attributed the 6% YoY MAU growth to strong engagement from younger cohorts, dismissing third-party data as inaccurate. He outlined future growth from localized marketing and intention-based products. For Total Addressable Market (TAM), Arison highlighted opportunities in both user growth in developing nations and revenue expansion into new verticals like health and travel. He explained that new mapping features are a precursor to building out a 'local discovery' platform for events, businesses, and travel.

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    Logan Whalley (for John Blackledge)'s questions to Grindr Inc (GRND) leadership • Q1 2025

    Question

    Logan Whalley asked for the primary drivers behind the raised 2025 guidance, whether this changes the long-term 2027 targets, and how the new Woodwork health service will be integrated into the Grindr ecosystem.

    Answer

    CFO Vanna Krantz attributed the raised guidance to positive results from recent product tests and the early monetization of the 'Right Now' feature, adding that Q2 EBITDA should be similar to Q1. CEO George Arison clarified that potential benefits from changes to Apple's App Store policies are not factored into the new guidance. Regarding Woodwork, Arison described it as a very early-stage, capital-light startup within Grindr focused on learning and future expansion beyond its initial ED medication offering.

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